Israel Spends $6 Million to Boost Space Tech Startups, From Microchips to Zero-Gravity Vegetables

Thursday, January 6, 2022 | Tag Cloud Tags: , , , ,

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(Worthy News) – Israel has earmarked about $6 million (18.5 million shekels) for eleven space tech startups as part of a program to promote research and development of satellite communications, rocket propulsion and sensors.

“The global space industry is going through a real revolution. The market doubled in size over the last decade and is expected to grow to a trillion dollars in the coming years,” commented Israel’s Innovation, Science and Technology Minister Orit Farkash-Hacohen on Thursday. “Israel has clear advantages in the space industry, but especially in the security domain. Therefore, we now have to promote the civilian dimension of space and to connect it to the Israeli high-tech industry.”

Farkash-Hacohen added that the program will support the technological development of eleven space startups in the fields of satellite communications, rocket propulsion, and sensors. The technologies developed by the chosen companies are expected to help deal with climate change, mining, and agriculture, among other fields. [ Source: Algemeiner (Read More…) ]

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